The following information has been gathered on the costs and effectiveness of the two treatments, A and B. In this prob

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The following information has been gathered on the costs and effectiveness of the two treatments, A and B. In this prob

Post by answerhappygod »

The following information has been gathered on the costs andeffectiveness of the two treatments, A and B. In thisproblem, costs and consequences are not discounted.
Treatment A
Treatment B
Mortality rate
2%
5%
Life expectancy for survivors
20 years
10 years
Initial treatment cost
$10,000
$3,000
Follow up costs, year 1
$5,000
$1,000
Annual follow up costs, all subsequent years
$1,000
$500
What is the ICER?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply